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FX.co ★ Weekly Gold analysis for week ending September 16th, 2022.

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Forex Analysis:::2022-09-16T15:22:04

Weekly Gold analysis for week ending September 16th, 2022.

Weekly Gold analysis for week ending September 16th, 2022.

New weekly lows for Gold. Price continues making lower lows and lower highs on a weekly level. Price has broken below both the 2022 and 2021 lows. Price remains under pressure as we see support levels broken. The double top at $2,070 combined with the break below $1,680, is a medium-term bearish signal that implies more downside should be expected. This week's high is key resistance for the short-term trend.

Analyst InstaForex
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